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MANILA, Philippines — The two police officers tagged in the killing of a police official in Parang, Maguindanao del Norte early this month have tested positive for gunpowder, the Philippine National Police (PNP) reported yesterday.
HONG KONG, China — Equity markets were mixed Wednesday as the latest global rally ran out of steam due to a lack of major catalysts, while investors contemplated the outlook for monetary policy.
MANILA, Philippines — Can’t get enough of “Can’t Buy Me Love”?
MANILA, Philippines — Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. reminded the public that internal revenue stamps will be mandatory for all imported and locally manufactured vape products in the market by June 1, 2024, as stated in Revenue Memorandum Circular 59-2024.
MANILA, Philippines — A day after President Marcos certified as urgent the proposed amendments to the Rice Tariffication Law (RTL), a House committee approved yesterday a bill amending the measure.
MANILA, Philippines — Customers of NEXT BASKET, referred to as Partners, have two options for utilizing the platform‘s services: either (1) independently managing their online store or (2) entrusting NEXT BASKET‘s experts, known as Business Without Employees, to handle all management and related business activities.
Patrick Frater Asia Bureau Chief The video-on-demand streaming sector in Southeast Asia delivered record subscription numbers and subscription revenues in the first quarter of the year, according to a new study. Those trends represent recovery after a tough 2023. Data from consultancy firm Media Partners Asia and its AMPD research affiliate showed VOD usage at a barely changed 96.3 minutes in the five Southeast Asian countries studied (Singapore, Thailand, The Philippines, Indonesia and Malaysia). Total paying subscriptions reached 48.5 million, representing net additions of 652,000 quarter-on-quarter and 1.6 million year-on-year.
The PSE suspended Premium Leisure Corp [PLC suspended] [link] for a minimum public ownership violation after a successful tender offer by Belle Corp. [BEL 2.08, up 4.0%; 36% avgVol] took 6,172,192,242 shares of PLC off the market and reduced PLC’s public float to just 0.45%. BEL disclosed that it owns 99.55% of PLC’s outstanding shares after the tendered shares were crossed and settled. The tender offer price offered by BEL for PLC shares was P0.85/share, which was a 15% premium to PLC’s pre-announcement price, but was an 8% discount to the market price after traders learned of BEL’s intent to conduct a tender offer for PLC shares and delist the company.